Updates, advisories and surprises

(4:39 PM ET) SAN FRANCISCO (MarketWatch) - Glu Mobile Inc. reported a 27% jump in third-quarter revenue on Thursday that was in line with an earlier pre-announcement, but the mobile game maker's shares fell more than 11% in after-hours trading on a fourth-quarter outlook that was below analysts' expectations. For the third quarter ended Sept. 30, Glu Mobile
GLUU, -0.14%
reported a net loss of $3.6 million, or 6 cents per share, compared to a net loss of $6.2 million, or 10 cents per share, for the same period last year. The adjusted net loss came in at 3 cents per share. Revenue rose to $21.3 million. Analysts were expecting a net loss of 6 cents per share on revenue of $21.2 million for the quarter, according to consensus estimates from FactSet. The company projected fourth quarter revenue in the range of $19.5 million and $20.5 million on a non-GAAP basis; analysts had been expecting adjusted revenue of $26.6 million for the period. The company said the outlook was "being impacted by the combination of underperforming titles launched in Q3, Apple's prohibition of incentivized advertising for external HTML 5 sites along with the reduction in the number of titles launched during the quarter as we further optimize their monetization."

AIG swings to profit on investments

(4:37 PM ET) CHICAGO (MarketWatch) -- Insurance giant American International Group Inc.
AIG, -0.89%
said Thursday that it moved to a third-quarter profit on changes in the fair value of its investments in AIA Group and Maiden Lane III. The company said it earned $1.86 billion, or $1.13 a share, compared with a loss of $4 billion, or $2.10 a share, in the same period a year ago. Adjusted operating income was $1 in the latest three months. Net premiums written rose to $8.71 billion from $8.66 billion. In a statement regarding Hurricane Sandy, Chief Executive Robert Benmosche said: "It is too early to provide an estimate of the financial impact of the storm."

LinkedIn beats estimates, shares jump

(4:32 PM ET) SAN FRANCISCO (MarketWatch) - LinkedIn Corp.
LNKD
on Thursday reported a third-quarter profit of $2.3 million, or 2 cents a share, compared with a loss of $1.6 million, or 2 cents a share, for the year-earlier period. Revenue was $252.03 million, up from $139.48 million. Adjusted profit was 22 cents a share. Analysts were expecting a profit of 11 cents a share, on revenue of $244.61 million, according to a consensus survey by FactSet. For the current quarter, the company said it expects revenue in the range of $270 to $275 million. Analysts were expecting revenue of $272.87 million, according to data from FactSet Research. LinkedIn also raised its full year 2012 revenue guidance to a range of $939 to $944 million, compared with a previous target of $915 million to $925 million. Analysts were expecting full-year revenue of $930.4 million, according to FactSet. Shares were up 6% in after-hours trading.

Chesapeake Energy reports $2.06 billion 3Q loss

(4:30 PM ET) SAN FRANCISCO (MarketWatch) -- Chesapeake Energy Corp.
CHK, +0.00%
reported late Thursday a third-quarter net loss of $2.06 billion, or $3.19 a share, compared to a profit of $879 million, or $1.23 a share, a year ago. Adjusted to exclude one-time items, the company reported a profit of 10 cents a share, compared to 72 cents in the third quarter of 2011. Analysts surveyed by FactSet had predicted adjusted earnings of 9 cents a share for the Oklahoma City, Okla.-based gas and oil producer. The company reported revenue for the quarter ended Sept. 30 at $2.97 billion, from $3.98 billion a year ago. Chesapeake shares rose 0.8% to $20.07 in after-hours trading.

Starbucks nudges up profit view, hikes dividend

(4:30 PM ET) SAN FRANCISCO (MarketWatch) -- Starbucks
SBUX, +0.33%
late Thursday nudged up its fiscal 2013 earnings outlook, while raising its dividend. Shares rose 6% to $49.53 in after-hours trade. For its fiscal fourth quarter ended Sept. 30, Starbucks posted a profit of $359 million, or 46 cents a share, compared with $358.5 million, or 47 cents a share, in the same 2011 period. Revenue rose 11% to $3.4 billion as same-store sales increased 6% -- topping the consensus estimate of 5.1%. Starbucks raised its quarterly dividend 24% to 21 cents a share. For 2013, the coffee chain projected a profit of $2.06 to $2.15 a share, up from its July 26 outlook of $2.04 to $2.14 a share. Starbucks maintained its guidance for revenue and same-store sales growth. Starbucks continues to be plagued by weak consumer spending in Britain and Western Europe. In the recent quarter, the business unit for those regions posted an operating loss of $6.5 million on a negative 2.3% operating margin.

Skullcandy earnings jump, earnings outlook lowered

(4:20 PM ET) SAN FRANCISCO (MarketWatch) - Skullcandy Inc. said Thursday afternoon that third-quarter earnings jumped, but the headphone maker lowered its earnings outlook for the full year. For the third quarter ended Sept. 30, Skullcandy
SKUL
reported net income of $6.5 million, or 23 cents per share, compared to net income of $959,000, or 4 cents per share, for the same period last year. Earnings on an adjusted basis came in at XX cents per share. Revenue rose 17% to $71 million. Analysts were expecting earnings of 23 cents per share on revenue of $69.9 million for the quarter, according to consensus estimates from FactSet. Skullcandy raised the lower end of its revenue outlook for the full 2012 fiscal year, but lowered its EPS outlook to a range of $1-$1.04 per share from its previous range of $1.10-$1.20, citing "mix shift toward higher-priced, lower margin products and cautiousness regarding the retail environment in Europe and the escalating U.S. promotional environment heading into the important holiday season," in a statement.

Yelp posts $2 mln loss; sales meet company outlook

(4:19 PM ET) SAN FRANCISCO (MarketWatch) -- Yelp Inc.
YELP, -0.43%
on Thursday reported a third-quarter loss of $2 million, or 3 cents a share, on revenue of $36.4 million. During the same period a year ago, the online review and recommendation company lost $3.8 million, or 24 cents a share, on sales of $22.3 million. Yelp's sales figures were in line with the company's recently raised revenue outlook. For its fourth-quarter, Yelp forecast sales in a range of $40 million to $40.5 million. Analysts surveyed by Factset had forecast Yelp to report a loss of 2 cents a share on $40.3 million for its fourth quarter. Yelp's shares shed 2% in after-hours trading following the release of the company's results.

First Solar profit, revenue slump

(4:19 PM ET) CHICAGO (MarketWatch) -- First Solar posted lower third-quarter profit late Thursday as the completion or reduced activity of several construction projects ate into its top line. The company earned $87.9 million, or $1 a share for the period, down from $196.5 million, or $2.25 a share, in the same quarter a year ago. Adjusted to exclude restructuring charges, First Solar
FSLR, -1.51%
would have earned $1.27 a share. Revenue fell to $839 million from just over $1 billion. The average estimate of analysts polled by FactSet had been for the company to earn $1.05 a share on revenue of $967 million.

Priceline earnings jump; results beat estimates

(4:10 PM ET) SAN FRANCISCO (MarketWatch) - Priceline.com Corp. said Thursday afternoon that earnings jumped 27%in the third quarter on a strong gain in travel bookings. For the third quarter ended Sept. 30, Priceline
PCLN, -0.20%
reported net income of $600 million, or $11.56 per share, compared to net income of $472.9 million, or $9.17 per share, for the same period last year. Earnings on an adjusted basis came in at $12.40 per share. Revenue rose 17%% to $1.7 billion, with gross travel bookings up 25% to $7.8 billion. Analysts were expecting earnings of $11.82 per share on revenue of $1.65 billion for the quarter, according to consensus estimates from FactSet. Priceline projected fourth quarter revenue to be up 15%-22% from the same period last year, with earnings in the range of $6.12-$6.57 per share. Analysts were expecting a revenue gain of 15% with earnings of $6.32 per share for the period.

Teradata shares fall as revenue misses estimates

(10:17 AM ET) SAN FRANCISCO (MarketWatch) -- Teradata Corp. saw its shares fall more than 7% to $63.35 on Thursday morning after the company reported a 20% gain in third-quarter, but revenue that was below Wall Street's estimates. For the quarter ended Sept. 30, Teradata
TDC, +1.13%
reported net income of $104 million, or 60 cents a share, compared to net income of $87 million, or 51 cents a share, for the same period last year. Adjusted earnings came in at 69 cents a share. Revenue rose 7% to $647 million. Analysts had expected earnings of 67 cents on revenue of $667 million, according to Thomson Reuters. The company sad it expects full-year adjusted earnings to come in at the middle-to-high end of its previously expected range of $2.72-$2.82 per share. Analysts were expecting $2.79 per share for the year.

Sourcefire climbs 17% on earnings report, outlook

(10:09 AM ET) SAN FRANCISCO (MarketWatch) -- Sourcefire Inc.
FIRE, +2.80%
shares on Thursday surged by more than 17%, to $50.33, after the maker of network-traffic monitoring software reported upbeat third-quarter results, and raised its full-year outlook. For its third-quarter, Sourcefire earned $1.2 million, or 4 cents a share, on almost $59 million in revenue, compared with a profit of $2 million, or 7 cents a share, on $45.2 million in sales in the same period a year ago. Excluding one-time items, Sourcefire would have earned 25 cents a share. Analysts surveyed by Thomson Reuters had forecast Sourcefire to earn 21 cents a share on $55.8 million in revenue. For its fiscal year, Sourcefire now expects to earn between 80 cents and 82 cents a share, excluding one-time times, on revenue in a range of $217.7 million to $219.7 million.

HCA profits jump, but misses sales, EPS forecasts

(9:22 AM ET) LOS ANGELES (MarketWatch) -- HCA Holdings Inc.
HCA, +1.84%
said Thursday that third-quarter net income was $360 million, or 78 cents a share, compared with $61 million, or 11 cents a share, for the same period a year ago. Revenue for the Nashville, Tenn.-based hospital operator was $8.06 billion against last year's $7.26 billion. Analysts polled by FactSet had predicted earnings of 79 cents a share on sales of $8.21 billion.

Target Oct. same-store sales up 2.4%

(8:35 AM ET) NEW YORK (MarketWatch) -- Target Corp.
TGT, +0.07%
said Thursday its October same-store sales increased by 2.4%. Total sales for the four weeks ended Oct. 27 rose by 3% to $4.98 billion. Target said its October same-store sales came in at the low end of its expected range, but its third-quarter same-store sales growth of 2.9% was in line with its forecast. "As we enter the fourth quarter we feel very good about our holiday season merchandising and marketing plans and our ability to deliver outstanding value for our guests while generating strong financial performance for our shareholders," the company said.

Estee Lauder profit rises 8%, sales up 3%

(8:32 AM ET) LONDON (MarketWatch) -- The Estee Lauder Companies Inc.
EL, -0.02%
on Thursday reported an 8% rise in fiscal first-quarter earnings to $299.5 million, or 76 cents are share, from $278.6 million, or 70 cents a share, in the year-ago-period. Adjusted earnings rose to 79 cents are share from 70 cents in the same quarter last year. Sales increased 3% to $2.55 billion compared to $2.48 billion in first quarter a year ago. Analysts surveyed by FactSet expected earnings of 76 cents a share on revenue of $2.54 billion. "Organic sales growth for the quarter was in line with our expectations, while earnings per share were better than planned. In particular, strong growth in North American and China drove our sales gains," said Fabrizio Freda, president and chief executive at Estee Lauder. The New York-based company said it expects earnings per share in the second quarter to come in between 97 cents and $1.03 with sales likely increasing between 6% and 7%.

Kellogg profit and revenues climb

(8:24 AM ET) NEW YORK (MarketWatch) -- Kellogg Co.
K, -0.95%
on Thursday said it earned $296 million, or 82 cents a share in the third quarter, compared to $290 million, or 80 cents a share a year ago. Revenue climbed to $3.72 billion, from $3.31 billion a year ago. Analysts polled by FactSet Research had expected the company to earn 81 cents a share on revenue of $3.70 billion.

Exxon profit falls 7%, but beats estimate

(8:18 AM ET) NEW YORK (MarketWatch) -- Exxon Mobil Corp.
XOM, -0.11%
said Thursday its third-quarter profit fell 7% to $9.57 billion, or $2.09 a share, from $10.33 billion, or $2.13 a share, in the year-ago period. Wall Street analysts expected Exxon to earn $1.95 a share in the latest quarter, according to a FactSet survey. Capital spending increased by 7% to $9.18 billion. Oil-equivalent production dropped 7.5%. Excluding impacts of entitlement volumes and other effects, production dropped by 2.9%. Total revenue and other income fell to $115.7 billion, from $125.3 billion. Exxon Mobil, which is a component of the Dow Jones Industrial Average
DJIA, -0.05%
bought back $5 billion in stock during the quarter.

Exelon profit falls, issues 2012 view

(7:52 AM ET) NEW YORK (MarketWatch) -- Exelon Corp.
EXC, -1.14%
said Thursday it expects adjusted 2012 profit of $2.75 to $2.95 a share, compared to the average analyst estimate of $2.76 a share in a survey by FactSet. The power company's third-quarter profit fell to $296 million, or 35 cents a share, from $601 million, or 90 cents a share, in the year-ago period. Adjusted profit dropped to 77 cents a share from $1.12 a share. Wall Street analsyts expected Exelon to earn 72 cents a share.

Teva swings to a loss on one-time costs

(7:31 AM ET) NEW YORK (MarketWatch) -- Teva Pharmaceutical Industries Ltd.
TEVA, +0.52%
on Thursday said it swung to a third-quarter loss of $79 million, or 9 cents a share, from a profit of $916 million, or $1.03 a share, in the year-ago period. Adjusted profit rose to $1.28 a share from $1.25 a share. Revenue at the pharmaceutical company rose to just under $5 billion from $4.34 billion. Wall Street analysts expected Teva to earn $1.25 a share on revenue of about $5.1 billion, according to a survey by FactSet. During the latest quarter, Teva booked a loss contingency of $670 million related to pending patent litigation; also an impairment of $481 million related to in-process research and development.

Limited same-store sales rise 3%, firm ups outlook

(7:30 AM ET) NEW YORK (MarketWatch) - Limited Brands Inc.
LTD, +5.35%
said on Thursday that its October same-store sales rose 3% compared to a year ago. The firm said total sales across all stores fell to $611 million from $652.4 million a year ago. October 2011 sales included $74.4 million attributable to the third party apparel sourcing business, which was sold in November 2011. Limited also said that it expects to report third quarter adjusted earnings per share of 23 cents to 25 cents a share, versus its previous guidance of 15 cents to 20 cents a share.

Pfizer profit falls on loss of Lipitor exclusivity

(7:21 AM ET) NEW YORK (MarketWatch) -- Pfizer Inc.
PFE, -0.59%
said Thursday its third-quarter profit fell 14% to $3.2 billion, or 43 cents a share, from $3.74 billion, or 48 cents a share, in the year-ago period. Adjusted profit dropped to 53 cents a share from 60 cents a share. Revenue fell 16% to just under $14 billion. Pfizer cited the loss of exclusivity for its cholesterol drug Lipitor as a primary cause of its lower revenue. Wall Street analysts expected Pfizer to earn 52 cents a share on revenue of $14.7 billion, according to a survey by FactSet. Pfizer set plans to buy back up to $10 billion in stock after it closes the sale of its Nutrition business to Nestle in the next few months. Pfizer narrowed its adjusted 2012 profit forecast to $2.14 to $2.17 a share, from its earlier view of $2.12 to $2.22 a share.

Avon cuts dividend as profit tumbles

(7:17 AM ET) NEW YORK (MarketWatch) -- Avon Products Inc.
AVP, -1.65%
on Thursday said it earned $31.6 million, or 7 cents a share in the third quarter, compared to $164.2 million, or 38 cents a share a year ago. On an adjusted basis, the company said it earned 17 cents a share in the third quarter. Total revenue slipped to $2.55 billion, from $2.76 billion. Analysts polled by FactSet Research had expected the company to earn 22 cents a share on revenue of $2.58 billion. Avon also said it cut its quarterly dividend to 6 cents a share from 23 cents a share.

Exxon expected to post lower profit

(6:01 AM ET) SAN FRANCISCO (MarketWatch) -- Exxon Mobil Corp.
XOM, -0.11%
is scheduled to release its third-quarter results Thursday before the opening bell. Analysts polled by FactSet are looking for the oil and gas behemoth to post a profit of $1.95 a share, down from $2.13 a year ago. Revenue for the quarter is seen falling to $112.4 billion from $125.3 billion. Expect the company to cite lower oil and gas prices for the decline, extending a trend from the previous quarter, though improved refining margins are likely to give its "downstream" revenue a boost. Analysts will be looking for evidence the company has increased its energy output and its proven reserves. Failure on either front could send shares lower. Any company comments on developing its recent North America shale-oil acquisitions will also be carefully scrutinized. Exxon shares closed Wednesday at $91.17, up nearly 17% from where they traded 12 months ago.

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